2024-03-15 18:56:09
EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Strategic Company Decision
PIERER Mobility: Early takeover of majority stake in MV Agusta
15-March-2024 / 17:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement pursuant to article 17 Regulation (EU) No 596/2014
(MAR)
Ad hoc announcement pursuant to article 53 LR
Wels, March 15, 2024
PIERER Mobility: Early takeover of majority stake in MV Agusta
• Call option to acquire majority stake in MV Agusta Motor S.p.A. to
50.1% exercised prematurely
• KTM is taking over industrial leadership
• Site expansion and capacity increase planned in Varese
Call option to acquire majority stake in MV Agusta Motor S.p.A. to 50.1%
exercised prematurely
In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired
25.1% of MV Agusta Motor S.p.A., based in Varese (Italy), as part of a
capital increase. As part of this cooperation, KTM AG took over the supply
chain and purchasing of MV Agusta in October 2023. In addition, MV
Agusta’s product range is also distributed in part via PIERER Mobility’s
global sales network. The call option granted to KTM AG on the basis of
the annual financial statements as of December 31, 2025 to acquire a
majority stake in MV Agusta Motor S.p.A. will now be exercised
prematurely. The purchase price for the remaining 25% of the shares was
calculated in accordance with the previously agreed valuation method
(EBITDA multiple). This means that KTM AG will take over the majority and
also the industrial management of MV Agusta Motor S.p.A. In the medium
term, an annual production volume of more than 10,000 MV Agusta premium
motorcycles is planned at the site in Varese.
New CEO position filled by Hubert Trunkenpolz
With the early takeover of the majority and as a commitment to the
location and responsibility for the employees, Hubert Trunkenpolz, member
of the executive board of PIERER Mobility AG, is taking over the role of
CEO and Chairman of the board of directors from Timur Sardarov, who will
continue to be available to the company as Vice-Chairman, brand ambassador
and consultant.
About MV Agusta Motor S.p.A:
MV Agusta is one of the world’s leading manufacturers of premium
motorcycles. Based in Varese, northern Italy, the company manufactures
legendary racetrack-derived motorcycles. Iconic design and first-class
performance thanks to cutting-edge technology and state-of-the-art
materials make MV Agusta motorcycles highly regarded around the world and
celebrated as unique style icons of motorcycle art. Since 1945, the brand
has become an integral part of the industry, winning 37 world championship
titles. A record that is still unchallenged
About the PIERER Mobility Group:
PIERER Mobility AG is the holding company of Europe’s leading manufacturer
of powered two-wheelers, producing a full range of premium brands
including KTM, GASGAS, Husqvarna and MV Agusta Motorcycles. With its
innovative strength, PIERER Mobility is a pioneering technology leader in
two-wheeled e-mobility through its motorcycle brands. Husqvarna and GASGAS
E-Bicycles complement the two-wheeler range. The premium brand range also
includes high-performance components under the WP brand and special KTM
X-BOW high-performance sports cars.
Legal disclaimer
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A
SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT
IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
Contact:
Investor Relations
Melinda Busáné Bellér
Tel: +43 (0) 1 533 1 433 – 70
Email: ir@pierermobility.com
Website: [1] www.pierermobility.com
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S; PKTM.VI
End of Inside Information
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15-March-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone: +43 (0) 7242 69 402
E-mail: ir@pierermobility.com
Internet: www.pierermobility.com
ISIN: AT0000KTMI02
WKN: A2JKHY
Listed: SIX, Vienna Stock Exchange
EQS News ID: 1860327
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
SW; PKTM AV Reuters: PKTM.S; PKTM.VI
End of Announcement EQS News Service
1860327 15-March-2024 CET/CEST
References
1710558140
#EQSAdhoc #PIERER #Mobility #Early #takeover #majority #stake #MVAgusta
